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Returning to the UK, tax implications?

Returning to the UK, tax implications?

Old Apr 23rd 2021, 3:00 am
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Default Returning to the UK, tax implications?

I;m hoping to move back to the UK pretty soon. Been living abroad for many years and would like to come home to retire. Does anyone know what I should expect with regards to bringing my savings home? I am currently living in a tax free country and wondering what the tax implications will be on my return. Thanks,
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Old Apr 23rd 2021, 4:17 am
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Default Re: Returning to the UK, tax implications?

Originally Posted by dxb2090
I;m hoping to move back to the UK pretty soon. Been living abroad for many years and would like to come home to retire. Does anyone know what I should expect with regards to bringing my savings home? I am currently living in a tax free country and wondering what the tax implications will be on my return. Thanks,
Hi and welcome to BE!

I've moved your post from the Maple Leaf forum to our Moving back / to the UK, as you're more likely to receive relevant replies here.

Good luck with the move!
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Old Apr 23rd 2021, 5:19 pm
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Default Re: Returning to the UK, tax implications?

Originally Posted by dxb2090
I;m hoping to move back to the UK pretty soon. Been living abroad for many years and would like to come home to retire. Does anyone know what I should expect with regards to bringing my savings home? I am currently living in a tax free country and wondering what the tax implications will be on my return. Thanks,
None. You will have no tax on life savings. Bank may ask where the money came from (are you involved in crimnal activity / laundering dirty money)

Last edited by austin_d_powers; Apr 23rd 2021 at 5:22 pm.
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